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Federal Reserve Chair Jerome Powell delivered a speech at the Jackson Hole Economic Symposium that market participants interpreted as markedly more dovish than expected, prompting a flurry of bets that the central bank could begin cutting interest rates sooner and more aggressively than previously assumed. The address, which comes amid rising friction between the White House and the Fed, also intensified speculation over who might succeed Powell when his term ends next year. Analysts and commentators noted that several potential candidates are already under consideration as policy disagreements with the administration widen.
Fed Chair Jerome Powell’s speech at Jackson Hole turned out to be a surprise for markets, sending them into full cutting frenzy mode. @tomkeene, @tracyalloway and @thestalwart discuss the speech and the possible candidates for the next Fed chair position https://t.co/PSPt3ot9Nl https://t.co/kRNV9SctuN
On today’s Big Take Podcast, Bloomberg’s @TheAmaraReport joins @salehamohsin from Jackson Hole to discuss Jay Powell’s speech and the escalating tensions between the White House and the Federal Reserve. https://t.co/AfnA6ci56D
Fed Chair Powell’s speech at Jackson Hole turned out to be a surprise for markets, sending them into full cutting frenzy mode. @tomkeene, @tracyalloway and @thestalwart discuss the speech and the possible candidates for the next Fed chair position https://t.co/KF9wexf2hd https://t.co/qSvfkYiWyc
